Shareholders of southern California-based performance goods company Oakley, Inc. have approved a £2.1 billion bid from Italian corporation Luxottica Group S.p.A. Around 83% voted in favour of the move and the deal is expected to close in mid-November.

Milan-based Luxottica is reportedly the world’s largest eyewear producer, with more than 5,800 optical and sun retail stores in North America, Asia-Pacific, China and Europe.